Can NFTs Become Commonplace in Video Games?
NFTs seem to be the next big thing in video game culture. The corporations that create video games are always trying to maximize their profits and simultaneously provide more entertainment for the players. As loot boxes and battle passes have become a bit stale, so to say, the field is open for the next trend. Could NFTs be it? Could they become commonplace in video games? Could they significantly enhance your experience as you play slots with bonuses? Or are they just a fad that will expire in a short while? Read below to find out.
Before we start analyzing the future of NFTs, we need to define them first. “NFT” is an abbreviation for Non-Fungible Token. While this may seem like a lot to take in – a complicated subject – it really isn’t; it’s as simple as it gets. What NFT stands for is a unique digital asset that you could own on the blockchain. In terms of video games, it could be a skin for a Fortnite character or a weapon. This way, it can help enhance the player’s experience by making them feel unique and adding an additional layer to the gameplay experience.
The NFT Economy
So, how can corporations and players alike profit from NFTs? It’s easy due to the NFT economy. Certain NFTs will look better than others – let’s continue with the examples of the skins. A game developer such as Blizzard Entertainment can introduce a string of NFTs for the players. The players can pay up to purchase and own them. They can then resell the NFTs to other players willing to pay for them – at a higher price than the original buyer had paid. At the same time, the corporation that introduced the NFTs will get a cut of each consecutive sale and resale with the NFTs as the item of purchase. As you can see, this can lead to the creation of a thriving economy in the world of modern video games.
It’s also important to note that several video games have introduced NFTs as a part of the gameplay experience, including:
- Ember Sword,
- Axie Infinity,
- Gods Unchained,
and others. The number of NFT video games will likely continue to increase in the near and distant future.
The Problem with NFTs
However, we must consider whether NFTs add a natural, deep layer to the overall gameplay experience. After all, purchasing NFTs will cost money, and what the player will get out of it will not significantly enhance the gameplay experience – though this is, of course, relative. In their greed and zest to increase their profits at any cost, video game corporations will give their best to monetize the NFTs and rack up money from the players. This may not always end well. Also, there will invariably be players that will be in it only to make money and won’t add anything of value to the gameplay experience for other players.
The Fine Line
On the one hand, NFTs can make the world of video games richer than ever, with new skins and weapons and other unique digital assets becoming available to players, making the gaming experience better and more prosperous. On the other hand, corporations can prove overbearing in their quest for profits and end up draining the fun factor of this new invention.
So, since it’s still early in the day to call the shots about NFTs, video game developers need to be very careful in implementing them in the newest video games. Only time will tell whether NFTs will become commonplace in video games. Though we have to say they have potential, they’ve proven they are here to stay – at least for a while.